Results 11 to 20 of about 11,383,983 (308)
Unlike partial equilibrium analysis which study the equilibrium of a particular market under the clause "ceteris paribus" that revenues and prices on the other markets stay approximately unaffected, the ambition of a general equilibrium model is to ...
Monique Florenzano
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Generational Accounting in General Equilibrium [PDF]
, 1995 This paper shows how changes in generational accounts relate to the generational incidence of fiscal policy. To illustrate the relationship, it uses the Auerbach-Kotlikoff Dynamic Life-Cycle Simulation Model to compare policy-induced changes in generational accounts with actual changes in generations' utilities.
Fehr, Hans, Kotlikoff, Laurence J.
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Market areas in general equilibrium
Journal of Economic Theory, 2023 revised version, 64 ...
Gianandrea Lanzara, Matteo Santacesaria
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Towards Money Market in General Equilibrium Framework
International Journal of Financial Studies, 2022 This paper aims to integrate the money market into the structure of the economy. The microfoundation is the starting point to define the money market and the general equilibrium mechanism of the economy.
Truong Hong Trinh
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On the fundamental theorems of general equilibrium [PDF]
Economic Theory, 2007 Given an economy (consumers, preferences, production sets, endowments), defining a generalized competitive mechanism (assigning under conditions to each consumer an income) and using a weakening of Walras' law, then an application of Kakutani's fixed point theorem delivers an equilibrium.
Eric Maskin, Kevin W.S. Roberts
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J.A. Schumpeter (1908) and Money: Acting as Go-Between?
Œconomia, 2013 This paper examines J.A. Schumpeter’s theory of money, as expounded in his first book, Das Wesen und der Hauptinhalt der theoretischen Nationalökonomie (The Essence and Main Contents of Theoretical Economics), published in 1908.
Cécile Dangel-Hagnauer
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Bankruptcy in General Equilibrium [PDF]
Finance and Economics Discussion Series, 2000 In this paper, I construct a model of an exchange economy in which bankruptcy arises in a manner similar to what we observe. This model is a more realistic representation of some markets in which intertemporal assets are traded. Using standard and natural assumptions, I show that every economy represented by this model has an equilibrium.
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On the variational equilibrium as a refinement of the generalized Nash equilibrium [PDF]
Automatica, 2012 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Ankur A. Kulkarni, Uday V. Shanbhag
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General Equilibrium Pricing with Information Asymmetry
Frontiers in Applied Mathematics and Statistics, 2015 We propose a general equilibrium model for asset pricing that incorporates asymmetric information as the key element determining security prices. In our setting, the concepts of completeness, arbitrage, state price and equivalent martingale measure are ...
Yuzhong eZhang, Fangfei eDong
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A SAM framework for general equilibrium modeling and economic policy analysis
Cogent Economics & Finance, 2020 Social accounting matrix (SAM) is the linkage bridge between economic data and policy analysis in the general equilibrium models. While the empirical SAM is built upon economic data from the system of national accounts, the theoretical SAM is built upon ...
Truong Hong Trinh, Nguyen Manh Toan
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